How much of an issue is it if a site is somehow connected to a site that was penalized by Google?

[nicole.healthline]

I am working with someone that is about to launch a new site, and one of the sites was affected by the Panda update. Does it matter if the two sites are connected? Share the same hosting provider and same Google Webmaster's account?

[NiftyMarketing]

Panda seems to have effect at the domain URL level. So as long as the sites are different, as in not the same domain, then you should be fine. Would be crazy if not due to all the shared hosting accounts.

[DanHill]

Mike is right about the shared hosting - just make sure that there are no outbound links to the affected site.  Shared WMT account won't matter. You can always use a different Google account if you're still worried